The Best Altcoins To Buy in August 2021 – Part 1
The last month was decisive for the entire crypto market, there was a lot of fear among the investors because of uncertainties around the next move of Bitcoin. But Like always, Bitcoin survived the death again and jumped on from 30,000$ support making the bull cycle intact. Last Month, We also welcomed a new trend called “Play to Earn” when Axie Infinity took the crypto market by storm by recording 2000% growth last month.
Itsblockchain has always been a market leader in altcoin recommendations, Our recommendations have generated a massive amount of profits for investors in the past. We released a list of top altcoins to buy last month, which became a great success. Each and every top altcoin mentioned in the curated list hit targets and brought an average of 60% profits to investors.
Now we have already headed to a new month, It’s high time to look at those altcoins which have higher potential to bring great profits to investors.
So without waiting any longer, here is the Part-1 of top altcoins to buy in August 2021. All data is current as of 5 Aug 2021.
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It does so by incentivizing LUNA holders to swap LUNA and stablecoins at profitable exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.
Terra’s native token, LUNA, is listed on several cryptocurrency exchanges — including Binance, Huobi, Bitfinex, and Upbit — where it is available to be traded against fiat currencies, stablecoins, and other cryptocurrencies.
Entry Below 14$
Exit Above 22$
Stop Below 10$
Perpetual Protocol [PERP]
Perpetual Protocol was launched in late 2019, originally under the name of Strike Protocol. Perpetual Protocol builds on an Uniswap-inspired automated market maker (AMM) design (constant product curve). Perpetual Protocol’s liquidity pool (k) is virtualized and determined algorithmically. Rather than rely on liquidity providers to determine the curve of a given market, Perpetual Protocol can programmatically set and update the parameters of the virtual AMM (x*y=k) and offer a competitive product for any given market at all times.
As the name suggests, Perpetual Protocol focuses exclusively on perpetual swap contracts. At launch, Perpetual Protocol will support BTC, ETH, and LINK, and can onboard other synthetic assets such as gold, crude oil, or other fiat currencies through governance in the future. Traders can get up to 20X leverage on both long and short positions. Perpetual Protocol is supported by a Decentralized Autonomous Organization (DAO) with a strong presence in Asia. It is not intended for United States residents or citizens.
Entry Below 15$
Exit Above 25$
Stop Below 10$
Terra Virtua Kolect [TVK]
Terra Virtua Kolect is a cross-platform non-fungible token (NFT) ecosystem that offers a curated marketplace for NFT creators and collectors to interact. The Terra Virtua Kolect platform spans web, PC and mobile AR/VR environments.
Terra Virtua allows users to own digital art that can be experienced both online and through virtual reality, allowing users to enjoy digital assets with friends and trade within the community.
The Terra Virtua platform has a trading platform, for the trading and buying of NFTs, a mobile app for using NFTs together with augmented reality, and a PC application for viewing NFTs in 3D environments.
Entry Below 0.26$
Exit Above 0.46$
Stop Below 0.18$
Released in December 2018, TomoChain (TOMO) is a project that attempts to improve the scalability of the Ethereum (ETH) blockchain. This is primarily done via increasing its transactions per second (TPS) capacity.
The eventual goal of the project is to build a blockchain infrastructure for decentralized apps (DApps) and improve integration and security. TomoChain’s solution is to offer smart contract scalability, a task that requires solving how the blockchain can handle a higher number of transactions per second, exponentially increasing the utility of the smart contracts for real-world use cases and applications.
Entry Below 2.8$
Exit Above 4.4$
Stop Below 2.0$
Fetch.ai is a platform that aims to connect Internet of Things (IoT) devices and algorithms to enable collective learning. It was launched in 2017 by a team based in Cambridge, UK.
Fetch.ai is built on a high-throughput sharded ledger and offers smart contract capabilities to deploy machine learning and artificial intelligence solutions for decentralized problem-solving.
These open-source tools are designed to help users create ecosystem infrastructure and deploy commercial models.
Entry Below 0.40$
Exit Above 0.60$
Stop Below 0.30$
Second Part of this list of best altcoins to buy will be released soon.
Do check out our other curated lists on Altcoins as well:
Altcoins listed in this article are based on the author’s research. The author is not holding any of these altcoins. Always do your own research before investing in any cryptocurrency.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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